$2,969 Closing Credit¹
#22509171, Jamie Flanagan, Listing Office: eXp Realty LLC
$250,000 List price
1320 N 40th St Omaha, NE 68131
$2,969
Closing credit¹
5 beds
2 full
1,869 sqft
0.1 acres
$134 / sqft
House
Property details
About 1320 N 40th St
Unique Live-Work or Investment Opportunity in Growing Walnut Hill Don?t miss this rare chance to own a versatile, mixed-use property in the heart of Walnut Hill, one of the city?s most promising up-and-coming neighborhoods. This unique 5-bedroom, 2-bath, 1.5-story home features an attached commercial storefront and is zoned General Commercial, offering a wide range of possibilities for both owner-occupiers and investors. The property is ideally suited for a live/work setup, small business owner, or creative professional seeking a flexible space. Investors will appreciate the opportunity to lease out the residential and commerc Additional highlights include 4 off-street parking spaces in the rear, a functional layout, and a high-visibility location with growing foot traffic and community investment.*General Commercial Zoning- commercial financing only
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
(NEW)
(NEW)
CoolingCentral Air
Size1,869 sqft
BasementYes
Lot size0.132 Acres
Year built1890
MLS #22513853
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 5
- Attached Garage: No
- Parking: None
- Exterior: Porch, Extra Parking Slab
- Architectural Style: 1.5 Story
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $250,000
- Price/SqFt: $133
- Annual Tax Amount: $1,846
- Tax Year: 2023
- Directions: 40th St and Dodge St. North to home.
- Year Built: 1890
- Stories: 1
- Living Area: 1,869 SqFt
- Lot Size: 0.132 Acres
- MLS Number: 22513853
- Office Name: Better Homes and Gardens R.E.
- Office Phone: (402) 932-5989
- Listing Agent: Lisa M. Zimmerman
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/24/2025, 6:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$250,000
1320 N 40th St
$2,969
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 30, 2019 | Home Sold | $350,000 |
| Jan 03, 2006 | Home Sold | $50,000 |
| Dec 22, 2005 | Home Sold | $19,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $87,500 | $1,846 |
| 2022 | $87,500 | $1,852 |
| 2021 | $87,500 | $1,950 |
| 2020 | $91,100 | $1,956 |
| 2019 | $91,100 | $1,958 |
| 2018 | $91,100 | $1,495 |
| 2017 | $69,200 | $1,484 |
History based on county public records data.
Nearby schools
3
Walnut Hill Elementary School
Public District PK-6
0.3 mi
•4370 Hamilton St
4
Franklin Elementary School
Public District PK-6
0.5 mi
•3506 Franklin St
3
Gifford Park Elementary School
Public District EE-6
0.8 mi
•717 N 32nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,329. The most common annual income of people living in Omaha, NE is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
39%
<35k
60%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
18%
Single, with Kids
13%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
41%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
NBA/WNBA
Where do the neighbors shop?
Burlington
Express/Express For Men
Forever 21
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Starbucks
What do the neighbors drive?
Dodge
Pontiac
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1320 N 40th St
The listing price of 1320 N 40th St property is $250,000.
The property 1320 N 40th St is a house located in Omaha, Nebraska, 68131.
Active Listing: 1320 N 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1320 N 40th St are: Walnut Hill Elementary School (GreatSchools Rating 3/10), Franklin Elementary School (GreatSchools Rating 4/10), Gifford Park Elementary School (GreatSchools Rating 3/10), Monroe Middle School (GreatSchools Rating 3/10), King Science & Technology Center (GreatSchools Rating 1/10), Norris Middle School (GreatSchools Rating 3/10), Benson High School (GreatSchools Rating 1/10), Central High School (GreatSchools Rating 5/10), Omaha North High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $1,846 (source: MLS/based on county public records data).
The last sale was on May 30, 2019 for $350,000 (source: MLS/tax record).
The property at 1320 N 40th St has 5 bedrooms and 3 bathrooms.
The property 1320 N 40th St is 1,869 SqFt (source: MLS/tax record).
The year of construction for 1320 N 40th St is 1890.
This home is located at 1320 N 40th St in Omaha, NE and zip code 68131 in the Walnut Hill neighborhood. This 1,869 square foot home, which was built in 1890, sits on a 0.13 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $250,000.
While more than 144 listings in Omaha, NE in April 2025 were sold above asking price, there were more than 137 listings sold at asking price, and more than 191 were sold below. The number of listings in Omaha, NE increased by 8.1% between March and April 2025. In April 2025 median list price was $295,000 and the average listing age was 22 days.
From Rocket Homes Real Estate and based on county public records data.